South Africa

Eskom completes funding for 100MW South Africa project

SOUTH AFRICA: The World Bank has agreed to loan South African utility Eskom an additional $250 million to complete the funding of its 100MW demonstration wind power project at Sere, north of Cape Town.

The new financing, provided through the Clean Technology Fund (CTF), complements a $260-million loan granted by the bank last year for Sere and Upington.

Some of the money is also earmarked for the 100MW Upington solar power project.

Earlier Eskom had secured further loans of $100 million from CTF and $265 million from the African Development Bank to fund the two projects, and $151 million from the French development agency for Sere alone.

Eskom has launched a pre-qualification process for turbine supply and installation. It hopes to start construction early next year.

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